Author Archives for Zach Festini

How to Get Guaranteed Loan Approval

September 26, 2022 9:02 am Published by Leave your thoughts

Guaranteed home loans offer more people a chance at homeownership, but can everyone qualify? Guaranteed loan approval depends on the type of loan you’re applying for and your mortgage lender, but many borrowers can qualify for a guaranteed loan even if they don’t have the cash reserves or an impressive credit score.  What Is a... View Article

Understanding Conditional Approvals

September 21, 2022 9:42 am Published by Leave your thoughts

When it comes to real estate, homebuyers in the market look for any sign they can find that they are getting closer to owning the home of their dreams. Fortunately, lenders are keen to tip their hand to potential borrowers along the homebuying journey, helping to minimize the unexpected. One of those signals is known as... View Article

What Is a Down Payment?

September 13, 2022 8:40 am Published by Leave your thoughts

When it comes to reaching life’s major financial milestones, more times than not you will not be able to pay for the entire purchase in cash. That’s where the down payment comes in. It can be thought of as an investment in yourself, as it is helping you to achieve your financial goals, whether purchasing... View Article

Construction Loan Guide: What Are the Requirements for a Construction Loan?

August 11, 2022 7:58 am Published by Leave your thoughts

Few properties meet all of a buyer’s needs when they look for suitable houses, which is why construction loans offer a unique possibility to build your own dream home or modify an existing one. If you’re interested in customizing your home, you may wonder what the requirements for a construction loan are. Construction loan requirements... View Article

How to Prepare for Buying a House When Self-Employed

July 14, 2022 11:40 am Published by Leave your thoughts

Buying a house when you’re self-employed requires jumping through more hoops than a W-2 employee, but it doesn’t mean you’re out of luck. As a self-employed borrower, you’ll need to provide more paperwork to prove that you have consistent work and stable or increasing income. If you’re considering a self-employed mortgage, here are your loan... View Article

Loan to Value Ratio: What Is a Good LTV and How to Calculate It

June 17, 2022 8:48 am Published by Leave your thoughts

This article will discuss how the loan to value ratio plays into the homebuying process. We will answer questions like, ‘what is a loan to value ratio?’ and ‘how do I calculate loan to value ratio?’ You will come away knowing what a low loan to value ratio indicates and should be able to answer, ‘what is a good loan to value ratio?’ as you embark on your homebuying journey.